The Evolution of the Misery Index

This chapter explores the Misery Index's development, emphasizing Robert Barrow's and Steve Henke's contributions in expanding its economic indicators. The discussion highlights the complexities of measuring economic distress and critiques various methodologies, including the HuffPo's Real Misery Index. By analyzing different metrics like U3 and U6 unemployment statistics, the chapter underscores the significant role unemployment plays in shaping perceptions of economic hardship.